Recent News & Fundamental Backdrop
Peanut the Squirrel, better known as PNUT, is a meme token built on Solana that launched in late 2024. Its origin story is pretty unusual—the token was created in response to the euthanasia of Peanut, a beloved internet-famous squirrel, by New York authorities. The whole situation sparked genuine community outrage, and that emotional energy translated into crypto form. Right after launch, PNUT’s market cap exploded from under $5 million to nearly $140 million thanks to a viral social media wave. But here’s the thing: that momentum didn’t stick around. Prices have dropped considerably since then, and the token has faced some real headwinds—liquidity issues, a few delistings like the PNUT/BRL pair on Binance, and a generally bearish vibe across the memecoin landscape, even when there are occasional sector bounces. From a practical standpoint, PNUT doesn’t really have much utility to speak of. It’s riding almost entirely on social buzz and community vibes.
Technical Indicators & Price Action Analysis
Right now, PNUT is sitting around $0.06897, down roughly 4.02% over the last day. Looking at the 4-hour chart, we’re seeing some mild downward pressure building. The RSI is hovering near 39—not quite oversold, but getting there—which suggests momentum is pretty weak at the moment. The MACD is slightly under its signal line with a small negative histogram, hinting that bearish momentum is present but not overly aggressive. The Simple Moving Average on the 4-hour sits at about $0.07092, while the Exponential Moving Average is a bit higher at $0.07161. Since the current price is below both, that’s a bearish signal worth noting.
If we zoom out to the daily chart and look at pivot points, resistance is showing up around $0.06953, with R1 at roughly $0.07117 and R2 near $0.07403. Support levels are at S1 around $0.06667 and S2 at $0.06503. The daily rate of change indicator is flashing sharp negative movement, confirming that we’ve seen a significant drop compared to earlier periods.
Short-Term Outlook (Next Few Days to Weeks)
Based on what the technicals are telling us, PNUT will probably stay pinned under resistance in the near term. Unless we get a fresh wave of social media hype or some whale decides to start accumulating heavily, the price is likely to bounce around between support at $0.0666–$0.067 and resistance at $0.071–$0.072. If we break below that S1 level around $0.0667, things could get ugly fast, with the next stop possibly being $0.065. On the flip side, if bulls manage to push above R1 at $0.0712, they’ll need solid volume backing them up to make a run at R2 around $0.0740.
Medium- to Long-Term Predictions
Looking further out, the sentiment for PNUT is honestly pretty bearish. Various price prediction models are forecasting drops of anywhere from 20% to 30% over the next one to six months, assuming nothing major changes for the project. If current trends hold and volume stays low, we could see prices slip down to the $0.004–$0.01 range. That said, if the memecoin sector catches fire again or PNUT somehow manages to gain real utility or major exposure—think new listings or partnerships—there’s a chance we could see it climb back toward $0.10 or even $0.25. But let’s be real: those optimistic scenarios depend entirely on external catalysts that don’t exist right now.
Key Risk Factors & Catalysts
The risks here are pretty significant. There’s potential regulatory scrutiny given the token’s unusual backstory and complete lack of clear utility. Liquidity is already proving to be a problem with those delistings, and social momentum could easily fizzle out completely. Plus, the memecoin space is brutally competitive. On the upside, potential catalysts include another viral moment, endorsements from bigger influencers, additional exchange listings, or any legitimate move toward actual utility—maybe a token burn mechanism, alignment with charitable causes related to animal welfare, or something along those lines. Without any of that happening, the path forward looks pretty risky.
Final Insight
PNUT’s technical setup right now suggests caution is the smart play. With the price trading below short-term moving averages, momentum that’s neutral-to-bearish at best, and heavy reliance on community sentiment rather than anything tangible, the token is clearly under pressure. If you’re a trader hunting for upside, keep your eyes peeled for volume spikes and a convincing break above resistance levels. If you’re thinking longer term or looking for something more stable, you really need to see evidence of an actual roadmap and progress before committing serious capital. Bottom line: sure, there’s still potential for upside if things break the right way—but the foundation is shaky at best unless the fundamentals start to evolve.
